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The Chairman of the Board of Directors of Peikko Group Corporation will change. Jussi Vanhanen, who has acted 2.5 years as a member of Peikko's Board, has been elected non-executive Chairman of the Board. Jussi Vanhanen is the first non-family Chairman of the Board in Peikko’s history. Former Chairman, Elmar Paananen, CEO of Troll Capital Oy, continues to serve as a member of the Board.

Vanhanen acts currently as Senior Advisor at Boston Consulting Group. Prior to that, he worked for more than 17 years on three continents at the global bio and forest industry company UPM, most recently as President, Engineered Materials Business Group, and member of UPM's Management Board.

“I am very pleased to have Jussi Vanhanen commit to Peikko and our development plans for the coming years. In 2013 Peikko's invoicing grew by more than 13%, and Peikko aims to double its' turnover by the end of the decade. Jussi Vanhanen’s wide experience and insight of managing and leading a global corporation will be an important further boost to the realization of Peikko's global plans“, states Topi Paananen, member of the owning family of Peikko and CEO.

"I am excited of continuing to work with Peikko's experienced and achievement-oriented Board and management team to further develop and grow the company. The combination of dedicated family ownership and modern corporate governance are solid foundations to build on", adds Jussi Vanhanen, incoming Chairman of the Board.

Peikko Group in brief:Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s net sales in 2013 were approximately EUR 125 million. Peikko is a family-owned and run company with over 1000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.